Reduce your interest rate and your monthly payment
Take advantage of this opportunity to lower your payment for the 1st two years of your loan. You can also enjoy the confidence of having a fixed-rate loan after the 2nd year on certain inventory homes that contract on or after 9/30/19 in California and close on or before 12/30/19.
2/1 Buydown Program
Features a reduced interest rate for the 1st two years paid by D.R. Horton!
Fixed Rate Government Mortgage
Here's how it works:
Interest rate for year 1
Interest rate for year 2
Interest rate for year 3-30
Based on a FHA 30-Year fixed rate mortgage with a sales price of $433,930, a loan amount of $426,070, and purchase requires down payment of 3.5%. Based on an upfront mortgage insurance premium of 1.75%. FHA = Federal Housing Administration
First year monthly payment on 2/1 Buydown to be $2,657 with a rate of 1.125%, second year monthly payment of $2,864 with a rate of 2.125% and years 3-30 monthly payment of $3,088 with a rate of 3.125% and APR of 4.248%. All payments include principal and interest, estimated taxes, mortgage insurance, homeowners insurance and HOA.
2280 Wardlow Cir., Suite 260
Corona, CA 92880
D.R. Horton Los Angeles Holding Company, Inc.; CA DRE License #01258550; Contractor’s License #770126.